"The problem with the auto industry is layered upon the lack of consumer confidence. People are not buying cars. I don't care whether they're or American cars, or international cars"
- Jennifer M. Granholm
About this Quote
This quote by Jennifer M. Granholm speaks to the present state of the auto market. The lack of consumer confidence is the root of the problem, as individuals are not buying cars. This is true despite the origin of the vehicle, whether it is American or worldwide. This lack of consumer self-confidence is causing a causal sequence throughout the car market, leading to a reduction in sales and a decrease in profits. This is a difficult situation for the auto industry, as it is tough to increase consumer confidence in a time of economic uncertainty. The car market should discover ways to increase customer confidence in order to increase sales and profits.